Birmingham Museum of Art Endowment TR

Analysis

Birmingham Museum of Art Endowment TR is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Birmingham Museum of Art Endowment TR reported income of $633k and spending of $1.2m, spending 196% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $633k (-66%), an average of -23% a year. The sharpest change came in the year to June 2020, when income dropped by 67%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Birmingham Museum of Art Endowment TR sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Artsbridge Foundation Inc ($633k), Aviation Heritage Park Inc ($633k) and US Council of Muslim Organizations ($633k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% of the total. At year end it held assets of $26.4m against liabilities of $0, net assets of $26.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.